It has been approximately a month, but I have finally sold my first domain through BargainDomains.com! Sure, the sale was only for $60, but this represented over a 200% return on investment. When it comes to completing the transaction, I must say that Francois Carillo, of Domaining.com infamy, is extremely organized and very professional. Once the domain was sold, Francois quickly collected payment and then provided me with the contact information of the buyer. After a quick and friendly email exchange the the buyer, ownership had changed, Francois had been notified, and best of all…I was paid!

What is BargainDomains? BargainDomains is one of Francois’ recent creations that takes advantage of automatic domain appraisals performed by one of his other sites, Valuate.com. If your domain appraises for great than $1000 (actually, $500 as of today), you may list your domain for sale at a fraction of that appraised value (5 % to 15%) at BargainDomains – as long as it meets basic requirements such as quality, ccTLD relevancy and others. Once the minimum bid is received, a public 3-day auction is held with the reserve set at the first bid price.

As great as my experience has been with BargainDomains, I was previously disappointed in a mid $xxx sale that involved a fraudulent winner (yet there were other bidders). This domain was once again re-listed, but has received no activity. Fraud is something that any auction site needs to deal with and Francois seems to be taking it quite seriously by requirement micro-payments when initial bids are placed.

If you are looking to move some of your domain portfolio I highly suggest checking out BargainDomains.com!